Syrma SGS Technology IPO Subscription Status
Syrma SGS Technology IPO was subscribed 34.85 times when bidding closed on 18 Aug 2022: QIB 98.07x, NII 18.34x, Retail 5.79x.
The Syrma SGS Technology IPO has been subscribed 34.85x times overall. Retail investors have shown interest with bids for 5.79x the shares available. The Non-Institutional Investor (NII) category has been subscribed 18.34x. Within NII, Big HNI (B-HNI) subscribed 19.93x and Small HNI (S-HNI) subscribed 15.17x. Qualified Institutional Buyers (QIBs) have subscribed 98.07x. Data last updated on 10 Nov, 11:32 AM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 12 Aug, 2022 and closes on 18 Aug, 2022. The shares are expected to list on stock exchanges on 26 Aug, 2022.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 98.07x |
| NII | - of - - | 18.34x |
bHNI — bid amount above ₹10 Lakh |
- - | 19.93 |
sHNI — bid amount ₹2–10 Lakh |
- - | 15.17 |
| Retail | - of - - | 5.79x |
| TOTAL | - - | 34.85x |
Syrma SGS Technology IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 17.3% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 98.07x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 4-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
18 Aug 2022
Day 4 |
34.85x | ▼ | |
|
QIB98.07x
BHNI19.93x
SHNI15.17x
Retail5.79x
|
|||
|
17 Aug 2022
Day 3 |
2.27x | ▼ | |
|
QIB0.71x
BHNI-
SHNI-
Retail2.66x
|
|||
|
16 Aug 2022
Day 2 |
0.89x | ▼ | |
|
QIB-
BHNI-
SHNI-
Retail1.51x
|
|||
|
12 Aug 2022
Day 1 |
0.37x | ▼ | |
|
QIB-
BHNI-
SHNI-
Retail0.69x
|
|||
Syrma SGS Technology IPO dates
From the bidding window to listing. Today is 11 November.
- Open 12 Aug 2022
- Close 18 Aug 2022
- Allotment 23 Aug 2022
- Refund/credit 24 Aug 2022
- Listing 26 Aug 2022
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Syrma SGS Technology IPO?
As of IPO close date (18 Aug, 2022), the Syrma SGS Technology IPO is subscribed 34.85x times. Retail category is 5.79x, and NII is 18.34x subscribed.
When is the allotment date for Syrma SGS Technology IPO?
The allotment for Syrma SGS Technology IPO is expected to be finalized on 23 August, 2022.
What is the GMP of Syrma SGS Technology?
The Grey Market Premium (GMP) for Syrma SGS Technology is currently ₹50, indicating a potential listing gain of 23%.
When will Syrma SGS Technology IPO list on the stock market?
Syrma SGS Technology is scheduled to list on BSE and NSE on 26 August, 2022.
What are the chances of getting allotment in Syrma SGS Technology IPO?
The retail category is oversubscribed at 5.79x, meaning allotment is by lottery. Statistically, approximately 1 in 6 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 98.07x mean for Syrma SGS Technology IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 98.07x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Syrma SGS Technology IPO allotment status?
After the allotment date (23 Aug, 2022), you can check your Syrma SGS Technology IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Syrma SGS Technology IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
